Equity Lifestyle Properties (NYSE:ELS) Issues FY 2019 Earnings Guidance

Equity Lifestyle Properties (NYSE:ELS) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $4.07-4.17 for the period. Equity Lifestyle Properties also updated its FY19 guidance to $4.07-4.17 EPS.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Equity Lifestyle Properties from a hold rating to a buy rating and set a $109.00 price target for the company in a research report on Wednesday, November 21st. BMO Capital Markets reaffirmed a hold rating and issued a $104.00 price objective on shares of Equity Lifestyle Properties in a research report on Monday, January 28th. Citigroup set a $107.00 price target on shares of Equity Lifestyle Properties and gave the stock a hold rating in a research note on Wednesday, December 12th. Finally, Robert W. Baird increased their price target on Equity Lifestyle Properties from $92.00 to $94.00 and gave the stock a neutral rating in a research report on Thursday, October 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Equity Lifestyle Properties presently has an average rating of Buy and a consensus price target of $102.42.

NYSE:ELS opened at $108.24 on Thursday. The firm has a market capitalization of $9.91 billion, a P/E ratio of 27.97, a P/E/G ratio of 4.82 and a beta of 0.34. Equity Lifestyle Properties has a twelve month low of $81.97 and a twelve month high of $111.39. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.23.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, January 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.41). Equity Lifestyle Properties had a net margin of 22.62% and a return on equity of 19.73%. The company had revenue of $243.50 million during the quarter, compared to analysts’ expectations of $232.05 million. During the same quarter last year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts predict that Equity Lifestyle Properties will post 4.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.6125 per share. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.55. This represents a $2.45 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, March 28th. Equity Lifestyle Properties’s payout ratio is currently 56.85%.

In other news, Director David J. Contis sold 6,581 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $105.53, for a total transaction of $694,492.93. Following the sale, the director now directly owns 1,378 shares of the company’s stock, valued at $145,420.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roger Maynard sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $96.71, for a total transaction of $967,100.00. Following the sale, the executive vice president now directly owns 146,389 shares of the company’s stock, valued at $14,157,280.19. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

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About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.

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